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Scandium International Mining Corp T.SCY

Alternate Symbol(s):  SCYYF

Scandium International Mining Corp. is a mineral exploration and development company. The Company’s advanced project is the Nyngan Scandium Project, located in New South Wales, Australia (the Nyngan Scandium Project), on which it holds a mine lease grant, a development consent, and 100% of the mineral rights. The Nyngan Scandium Project site is located approximately 450 kilometers (km) northwest of Sydney, New South Wales (NSW), Australia and approximately 20 km due west from the town of Nyngan. The Company has a 100% interest in an exploration license (EL 7977) covering the Honeybugle Scandium property. The Honeybugle Scandium property covers over 34.7 square kilometers and is located 24 km from the Nyngan Scandium Project. The property includes four distinct magnetic anomalies: Seaford, Woodlong, Yarran Park and Mallee Valley. The Company's subsidiaries include EMC Metals Australia Pty. Ltd., EMC Metals USA Inc., Scandium International Mining Corp. Norway AS and others.


TSX:SCY - Post by User

Comment by musingon Jun 07, 2007 11:53pm
282 Views
Post# 12911790

RE: Done deal

RE: Done dealIf there is no higher bid than SXR's bid it is because EMC is getting its due from SXR. We don't have to look very far back in time to see that "binding deals" have been overtaking by higher bids from 3rd parties. If the break up penalty of $55 M deters higher bids, then the SXR's offer isn't far off the mark. I still say that a forthcoming or not forthcoming higher bid is the litmus test of whether the SXR offer is a fair offer, not some subjective reaction, albeit it somewhat widespread amongst posters on this board, who think that the offer is below market. No third party (i.e., company) who thinks that EMC is worth more and is interested in acquisition will sit on its hands, especially in this M & A market and particularly in the uranium sector. Hence, from a financial point of view, there really isn't an issue for me. The market will make or already has made my decision.
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